Caihong Display Devices Co.,Ltd. Posted 2.1 Billion Yuan Net Loss in First Three Quarters of 2022

Caihong Display Devices Co.,Ltd. (彩虹显示器件股份有限公司) (600707.SH) reported a net loss of 2.1 billion yuan in the first three quarters of 2022, reversing a net profit of 3.5 billion yuan for the same period in the previous year.

Meanwhile, the company posted 6.5 billion yuan in revenue, down 47.1% year-on-year.

At the end of the reporting period, it had 42.7 billion yuan in total assets and 22.3 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.